HR Risk & Compliance Analyst

Regions Bank•Hoover, AL

1d•$54,137 - $70,320•Onsite

About The Position

The HR Risk & Compliance Analyst supports Regions’ first-line risk management and compliance activities, focusing on regulatory change management and compliance within Human Resources. The role monitors new and changing local, state, and federal regulations affecting employers, tracks and reconciles regulatory changes, maintains HR regulatory inventories and documentation, and tests HR processes and regulatory implementations for compliance and operational effectiveness. The analyst also supports policy and procedure reviews, compliance training, annual federal compliance processes for large employers and federal contractors, third-party risk monitoring, and reporting for compliance and other risk-management purposes. The position may be filled at a higher level depending on the candidate’s qualifications and relevant experience. It is based at Riverchase Complex North Building in Hoover, Alabama. This role is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

Bachelor’s degree in Business, Finance, Audit, or a related field; alternatively, a high school diploma or GED and four years of related work experience.
Ability to learn additional systems as needed.
Ability to research and analyze data and derive facts.
Ability to work in a team environment when applicable.
Proficiency in Microsoft Office, including Excel, Word, PowerPoint, and Outlook.
Strong verbal and written communication and organizational skills.
Strong work ethic and self-motivation.
Applicants must be currently authorized to work in the United States on a full-time basis; Regions will not sponsor work visas for this position.

Nice To Haves

Master’s degree.
Experience in Compliance, Quality Assurance/Control, Audit, or another compliance function specific to a line of business.
Strong technical and detail orientation.
Experience working with data, with an emphasis on data accuracy.
Strong Excel skills, including experience with pivot tables.
Risk management knowledge, including foundational risk-management elements and experience in operational and/or compliance risk.
Experience reviewing new regulatory requirements, including substantial review of written materials, implementation of regulations, and monitoring for adherence.
Proactive judgment in recognizing risk-management enhancements and communicating effectively with the HR Risk and Compliance team, HR stakeholders, and other internal partners.
Self-starting and self-directed approach, with consistent attention to meeting deadlines.

Responsibilities

Conduct regulatory change management, including reviewing and tracking new local, state, and federal regulations affecting employers and implementing compliance requirements.
Reconcile regulatory changes weekly or quarterly.
Maintain HR regulatory inventory items and documentation.
Monitor state workforce changes to stay aware of related regulatory impacts.
Test Human Resources processes with GRC controls to verify operational effectiveness and legal compliance, and provide guidance to HR team members on results.
Develop or modify testing plans and maintain related schedules, testing calendars, procedures, and communications.
Verify and test new regulatory compliance implementations.
Participate in HR Risk and Compliance reviews of policies, standards, and rules for compliance-related content.
Perform metric and committee reporting and prepare spreadsheet- and slide-based reports for compliance and other risk-management purposes.
Coordinate compliance training for Human Resources.
Manage annual federal compliance processes applicable to large employers and federal contractors.
Maintain and update HR Risk & Compliance procedures, including coordinating annual reviews.
Fulfill information requests from Internal Audit, external auditors, and second-line risk groups.
Perform ongoing third-party risk management monitoring functions for Human Resources.
Ensure critical data accuracy across all functions.
Research laws and regulations affecting business-unit compliance, partnering with the second line of defense to assess new or changed requirements and their impact.
Research potential violations, identify potential compliance needs, and escalate issues as needed.
Review processes and procedures to identify gaps or potential issues.
Assist with administering monitoring and testing programs, gathering information requested by regulatory agencies, and developing business-group policies and procedures.